The government will actively pursue a project for faster new drug discovery. It will fund KRW 34.8 billion over 5 years, from 2024 to 2028, and conduct a project utilizing federated learning of new drug discovery data owned by pharmaceutical companies, university hospitals, research institutes, and corporations.

The Ministry of Health and Welfare (MOHW) and Ministry of Science and ICT (MSIT) announced on July 23rd that 26 projects have been selected for the 'Machine Learning Ledger Orchestration for Drug Discovery (K-MELLODY)' project.

The MOHW and MSIT are jointly promoting the MELLODDY project, which aims to reduce the cost and time for new drug discovery using a federated lea